Demo Comparison

Current Imperfect World

1 2 3 4 5 6 7 8 9 10 11 12 13 14
Number of Parcels 55 55 55 55 55 55 55 55 55 55 55 55 55 55
Number of Demolitions 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Number Abandoned Parcels 10 10 10 10 10 10 10 10 10 10 10 10 10 10
Net Parcels 45 45 45 45 45 45 45 45 45 45 45 45 45 45
Net Units 69 69 69 69 69 69 69 69 69 69 69 69 69 69
Revenue City Tax $22,512 $22,512 $22,512 $22,512 $22,512 $22,512 $22,512 $22,512 $22,512 $22,512 $22,512 $22,512 $22,512 $22,512
Revenue User Fees $53,061 $53,061 $53,061 $53,061 $53,061 $53,061 $53,061 $53,061 $53,061 $53,061 $53,061 $53,061 $53,061 $53,061
Total Revenue $75,573 $75,573 $75,573 $75,573 $75,573 $75,573 $75,573 $75,573 $75,573 $75,573 $75,573 $75,573 $75,573 $75,573

10 Foreclosures/10 Demo

Number of Parcels 55 55 55 55 55 55 55 55 55 55 55 55 55 55
Number of Demolitions 3 3 3 1 0 0 0 0 0 0 0 0 0 0
Number Vacant Parcels 7 4 1 0 0 0 0 0 0 0 0 0 0 0
Net Old Parcels 45 45 45 45 45 45 45 45 45 45 45 45 45 45
Net Old Units 69 69 69 69 69 69 69 69 69 69 69 69 69 69
Revenue City Tax $22,512 $22,512 $22,512 $22,512 $22,512 $22,512 $22,512 $22,512 $22,512 $22,512 $22,512 $22,512 $22,512 $22,512
Revenue User Fees $53,061 $53,061 $53,061 $53,061 $53,061 $53,061 $53,061 $53,061 $53,061 $53,061 $53,061 $53,061 $53,061 $53,061
Total Revenue Existing $75,573 $75,573 $75,573 $75,573 $75,573 $75,573 $75,573 $75,573 $75,573 $75,573 $75,573 $75,573 $75,573 $75,573

Demolition Cost 27000 27000 27000 9000 0 0 0 0 0 0 0 0 0 0

Land Sale 15000 15000 15000 5000 0 0 0 0 0 0 0 0 0 0
New Constuction 0 3 3 3 1 0 0 0 0 0 0 0 0 0
New Construction Market Value $0 $182,247 $364,494 $546,741 $607,490 $607,490 $607,490 $607,490 $607,490 $607,490 $607,490 $607,490 $607,490 $607,490
City Tax Incentive Discount (Avg) 0 0.5 0.5 0.5 0.5 0.5 0.53 0.59 0.68 0.78 0.88 0.95 0.99 1
Revenue City Tax $0 $4,219 $4,219 $4,219 $4,219 $4,219 $4,472 $4,978 $5,738 $6,582 $7,425 $8,016 $8,354 $8,438
Revenue User Fees $0 $2,307 $4,614 $6,921 $7,690 $7,690 $7,690 $7,690 $7,690 $7,690 $7,690 $7,690 $7,690 $7,690
Total Revenue New Construction $0 $6,526 $8,833 $11,140 $11,909 $11,909 $12,162 $12,668 $13,428 $14,272 $15,115 $15,706 $16,044 $16,128
Total Revenue $63,573 $70,099 $72,406 $82,713 $87,482 $87,482 $87,735 $88,241 $89,001 $89,845 $90,688 $91,279 $91,617 $91,701

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